Methyl methacrylate is an organic compound with the chemical formula CH2=C(CH3) COOCH3. These organic compounds are colorless liquids, used in the manufacturing of resins and plastics. They are irritating to the skin, eyes, and mucous membrane in humans. Methyl methacrylate is used for number of purposes such as used in the impregnation of the concrete to make it water-repellent. It also has the uses in different fields of medicine and dentistry to make prosthetic devices and as a ceramic filler or cement.

Market Dynamics

The increasing demand of methyl methacrylate in automotive sector is one of the major factors driving the growth of the market. The growing demand for the automobiles, better vehicle design capabilities, and rising importance of lightweight and emission control vehicles are key factors driving the market in automotive industry. Moreover, increasing importance of lightweight vehicles with less CO2 emissions and better fuel efficiency is expected to drive the market. In near future increasing demand for the better alternative for the development of the automotive and construction activities have fuelled the growth of the market.

Market Classification and Overview

The global methyl methacrylate market is segment into application, end-user, and region.

On the basis of application, the market is segmented into chemical intermediates, surface coatings and adhesives, emulsion polymers, and others.

Based on the end-user, the market is segmented into construction, automotive, electronics, and others.

Regional Overview

Geographically, the global methyl methacrylate market is bifurcated into 4 major regions such as North America, Europe, Asia Pacific (APAC), and Latin America, Middle East & Africa (LAMEA).

North America is expected to dominate the market during the forecast period 2018-2026 owing to the increasing industrial sector and rising demand for the methyl methacrylate from various industries. Increasing the electronics sector is one of the major factors propelling the growth of the market in this region.

Europe is estimated to hold the major share during the forecasted period for the market growth due to the increasing automotive industries. Moreover, the rising need for automobiles and better vehicle designs are some of the other factors boosting the demand for the market in this region.

Asia Pacific is accounted to be the fastest growing region owing to the strong industrial base especially in countries such as China and Japan. The LAMEA is expected to hold the least share due to the poor economic condition and less development of infrastructure. The Middle East holds the major share in the market due to well developed construction sector and well developed economies.

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